Bitcoin and S&P 500: a record correlation since 2020 that worries investors
Original headlineBitcoin et S&P 500 : une corrélation record depuis 2020 qui inquiète les investisseurs
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Bitcoin’s correlation with the S&P 500 has climbed to 0.80, a level rarely seen since 2020, according to Glassnode, as the cryptocurrency increasingly trades in lockstep with Wall Street. The shift comes as technology stocks sell off and Asian exchanges try to stem losses, reviving questions over whether BTC can still serve as a portfolio diversifier. The near-record reading matters because it suggests bitcoin offers little hedging benefit during broad equity drawdowns, undermining a core pillar of the institutional allocation case. Traders will watch whether the correlation holds above 0.80 in coming sessions or mean-reverts as crypto-specific flows reassert themselves.
Muhabbit's AI wrote this summary in its own words from Cryptoast's report and translated it from French. It can get details wrong, so check the source.
Named in this story
Bitcoin (BTC), S&P 500, Glassnode
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